Titan Mining Corporation (NYSEAMERICAN:TII) Short Interest Update

Titan Mining Corporation (NYSEAMERICAN:TII) was the recipient of a significant decline in short interest in July. As of July 15th, there was short interest totaling 1,474,739 shares, a decline of 42.0% from the June 30th total of 2,544,359 shares. Based on an average daily volume of 560,147 shares, the short-interest ratio is currently 2.6 days. Approximately 1.5% of the company’s stock are short sold.

Titan Mining Stock Performance

Shares of NYSEAMERICAN TII traded down $0.08 during mid-day trading on Friday, reaching $1.96. 153,586 shares of the company traded hands, compared to its average volume of 329,229. Titan Mining has a fifty-two week low of $1.25 and a fifty-two week high of $5.65. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.48 and a current ratio of 0.68. The company’s fifty day moving average is $2.18.

Titan Mining (NYSEAMERICAN:TII) last issued its quarterly earnings data on Tuesday, May 12th. The company reported ($0.14) earnings per share for the quarter. The firm had revenue of $19.60 million during the quarter. Titan Mining had a negative return on equity of 332.15% and a negative net margin of 17.67%. As a group, equities research analysts expect that Titan Mining will post -0.12 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of TII. Thoroughbred Financial Services LLC acquired a new position in shares of Titan Mining in the 4th quarter worth approximately $35,000. World Investment Advisors bought a new position in Titan Mining in the 1st quarter worth approximately $36,000. HighTower Advisors LLC bought a new stake in shares of Titan Mining during the fourth quarter worth $51,000. Commonwealth Equity Services LLC acquired a new position in Titan Mining during the 4th quarter valued at about $56,000. Finally, Hillsdale Investment Management Inc. acquired a new position in Titan Mining in the fourth quarter valued at approximately $78,000.

Wall Street Analyst Weigh In

Separately, HC Wainwright reiterated a “buy” rating and issued a $6.50 target price on shares of Titan Mining in a research report on Wednesday, July 8th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $6.50.

Titan Mining Company Profile

Titan Mining Corporation, a natural resource company, acquires, explores, develops, produces, and extracts mineral properties. The company explores for zinc and graphite, as well as iron-oxide copper gold deposits. Its principal asset is the Empire State Mine project covering an area of approximately 80,000 acres located in the Balmat? Edwards mining district in northern New York. The company was formerly known as Triton Mining Corporation and changed its name to Titan Mining Corporation in November 2016.